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Africa’s future billionaires will be farmers


Thursday, 19 March 2015

Africa’s future billionaires will be farmers

Africa’s future billionaires and millionaires will make their money from agriculture, says Akinwumi Adesina, Nigeria’s Minister of Agriculture and Rural Development, who was named Forbes African of the Year in December 2013 for his reforms to Nigeria’s farming sector. African Development Bank is financing $170 million for a Nigerian project that aims to transform agriculture, which aims to create agricultural entrepreneurs and producers by providing about 120,000 jobs along the value chain of priority commodities. An additional 20 million tons of key food crops including cassava, rice, and sorghum will be added to the domestic food supply each year, if all goes according to plan.

Source: freshplaza.com